Accounting For Management

Accounting is very much essential for successful operations of all business concerns. Accounting information provides valuable guidance to the management specifically for the decision-making activities. Anna University has introduced MBA and MCA courses. It has rightly incorporated one paper on Financial and Management Accounting in the first semester of this course. This book has been specifically designed for the students of MBA and MCA courses according to the revised syllabus. And it is also helpful to the beginners of accounting.

Chapter 1 Price: 0.20

he ultimate aim of any business is to earn a profit. Profit earning is not an easy task. For earning a profit the businessman will purchase the goods in one place at certain price and sell it at another place at higher price than the purchase price or convert the raw material into finished products and sell them to various customers at a certain price which will give some percentage of margin on cost of production. But, this may not be true in all cases, because the goods produced or purchased may go out of fashion or competitors may enter the market.

Chapter 2 Price: 0.20

Small organisations have only limited transactions and they maintain very few basic accounting records such as journal book, ledger and a cash book. But in the case of large scale business organisation, they have a wider number of transaction....

Chapter 4 Price: 0.20

The scope and importance of accounting is to provide variable information about a business enterprise to those persons who are directly or indirectly interested in the progress, performance and financial position of the concern...

Chapter 6 Price: 0.20

Cash contributes significant role in the entire economic activities of the business world. And at the same time, cash is not only essential for business, but is also essential for each and every activity of human life....

Chapter 7 Price: 0.20

Ratio is simply a number expressed in terms of another. It refers to the numerical or quantitative relationship between two variables that are comparable. It is a comparison of the numerator with the denominator....

Chapter 11 Price: 0.20

Process costing is one of the important methods of costing. This method of costing is normally applicable to the different processes involved while converting a raw material into finished product when the raw material has passed through different stages before completion...

Chapter 12 Price: 0.20

Activity Based Costing is the new approach of cost accounting. Under the Activity Based Costing costs are first found out to the activities and then to products. It focuses on activities performed to produce products..

Chapter 14 Price: 0.20

The standard cost is a predetermined cost which determines what each product or service should cost under given operational conditions. Simply speaking standard cost is an expected cost of producing one unit...

Chapter 15 Price: 0.20

Financial accounting had started at an earlier times along with the development of trade activities. The ultimate aim of the financial accounting is to supply financial information to the outsiders and also to prepare final account....

Chapter 17 Price: 0.20

Decision making is the process of choosing the best course of action among the various alternative courses since if there is no choice, there is no decision to take. Generally, a decision always focuses on the future prediction...

Chapter 19 Price: 0.20

Generally, Trading account, Profit and Loss account and Balance Sheets are prepared for the purpose of presenting the financial position of the concern and displaying the operational results achieved during an accounting period...

Chapter 20 Price: 0.20

Recognising human being as an asset is an old one. From the observation of Indian History, it is evident that Emperor Akbar gave importance to the nine jewels. Freedom fighters in India like Shri Motilal Nehru, Mahatma Gandhi, Sardar Vallabh Bhai Patel, Pandit Jawahar Lal Nehru cannot be removed from the historical pages of freedom movement of India.

Chapter 23 Price: 0.20

Dividend is the part of profits of the company which is distributed among its shareholders on the basis of their shareholding. It should be distributed according to decisions taken and resolution passed in the shareholders’ meeting as well as meeting of Board of Directors...